ICYMI
Fear of an ageing population is age old

The Australian Treasurer in 1935 was also concerned about the ageing problem, the pension system and the budget

fresheconomicthinking.com/p/fear-of-an-a…

I often hear about property owners competing down prices.

There is a good reason this never happens, as I explain here.

A good thread about an interesting study on declining yields in UK housing

This analysis of the cost to buy a home shows improving affordability in the US since 1980 due to falling interest rates, then a sudden change recently due to higher rates

How does a 'we haven't built enough homes for decades' supply story fit here?

dallasfed.org/research/econo…

A call out.

What are the best papers out there on a theory of housing supply—in terms of when, what, where and how fast new homes are built?

Please share all links.

Thanks.

This is true

ICYMI
I try and explain in this article that the easiest way to understand money is not as a token or a good, but as the unit of an accounting system that tracks credit relationships in the economy

All comments and thoughts are appreciated

fresheconomicthinking.com/p/money-is-not…

2010s were a very affordable period for housing in the US

New FET podcast episode: Tax fallacies

Why 'paying taxes on money that you make, taxes on money you spend' is a logic that leads to double-counting taxes

fresheconomicthinking.com/p/fet-30-tax-f…

So let's unpack this shall we.

Melbourne property prices are stalling because of not enough investors.

Yet investors are apparently not driving up property prices.

Which is it?*

*rhetorical

ABS living cost indexes are more relevant for households than the CPI for short-term ups and down of 'cost of living'. They're also available for different household types (and should and could be expanded to more detailed household types) x.com/Bruce_Bradbury…

This is true

The thing I find ironic about negative gearing is the narrative that its simultaneously a huge factor in the supply of rentals, but also so minor that it doesn't impact demand for housing much and by extension prices

Its Schrodinger's policy, simultaneously two polar opposites

A call out.

What are the best papers out there on a theory of housing supply—in terms of when, what, where and how fast new homes are built?

Please share all links.

Thanks.

Inflation is not the only measure of costs of living.

The biggest cost, if you aspire to buy a home, is your mortgage and you have to borrow a record amount for the privilege. People should be rightly angry this being the case

It doesn't seem like too long ago that I was burned out, broke and desperate for change. Then I looked myself in the mirror and came face to face with the TRUTH. At first, it was a bitter pill to swallow, but then, it set me free.

Here's to facing the truth, head on 🍻

Whether or not your city has one of these bounty programs, this Casey Neistat Neistat video is a great way to sell the idea to some of your local stakeholders.

Austin home prices and rents are not crashing because 'pro-supply' reforms work

If the pro-supply reforms worked, home prices in Austin would not have surged 88% in 3 years

Austin's market got overheated and is now correcting
cnbc.com/2023/12/21/hom…

ICYMI
I try and explain in this article that the easiest way to understand money is not as a token or a good, but as the unit of an accounting system that tracks credit relationships in the economy

All comments and thoughts are appreciated

fresheconomicthinking.com/p/money-is-not…

The new book by Cameron Murray blew my mind a few times.

He finds that at the macro level rents are largely determined by income. In Australia, rents have run about 20% of after-tax income for many decades.

Even if the supply of rental homes jumped or crashed, within a...